Around The Time Of A Big Stock Market Crash
If history repeats — and history has a funny way of doing that — then the release of Martin Scorsese's "The Wolf of Wall Street" should warn investors of an impending market crash.
Oliver Stone's iconic 1987 film "Wall Street"? Boom, 23% correction."Boiler Room" in 2000? Say goodbye to 46% on the S&P.DYI Comments: There is an element of truth to the possibility of Wall street type movies coinciding with market tops. Hollywood sensing a hot stock market that is drawing in the masses, will produce a movie that is far easier to promote. This is classic example of art imitating life; Hollywood style.
The market is trading at a nose bleed level of 25.63 (Shiller PE10) with a dismal S&P 500 dividend yield of 1.90%, IPO's of dubious business value (Twitter) and a bond market selling new issues that have significantly less protection for the purchasers. Add on Hollywood promoting a Wall Street movie a classic market top is forming.
DYI
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